Vietnam Pesticides Market to Grow with a CAGR of 4.38% through 2028
Increasing digitalization and precision agriculture is expected to drive the Vietnam Pesticides Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Vietnam Pesticides
Market –– By Region, Competition, Forecast and Opportunities, 2030F”, the Vietnam
Pesticides Market stood at USD 1.78 Billion in 2024 and is expected to reach
USD 1.96 Billion by 2030 with a CAGR of 4.61% during the forecast period.
One of the most significant trends shaping the Vietnam
pesticides market is the increasing shift toward biopesticides and eco-friendly
pest control solutions. As global and domestic regulatory bodies tighten
restrictions on synthetic chemical pesticides, Vietnamese farmers and
agribusinesses are seeking safer, sustainable alternatives. The government has
been actively promoting organic farming and encouraging the reduction of
chemical pesticide use to minimize environmental damage and health risks. This
shift is driven by growing consumer awareness regarding food safety, along with
rising demand for organic and residue-free agricultural products, both
domestically and in export markets.
Biopesticides, derived from natural sources such as
bacteria, fungi, and plant extracts, are gaining traction due to their lower
toxicity, targeted pest control, and reduced impact on non-target organisms.
Companies in the Vietnam pesticides market are increasingly investing in
research and development to introduce innovative bio-based solutions that
comply with regulatory standards. Additionally, integrated pest management
(IPM) strategies, which combine biological control methods with responsible
pesticide usage, are being promoted as part of sustainable agriculture
initiatives. This trend presents opportunities for biopesticide manufacturers
to expand their market presence, although challenges such as limited farmer
awareness and higher production costs remain barriers to widespread adoption.
Vietnam has traditionally relied on imports for a
significant portion of its pesticide supply, particularly from China, which has
made the market vulnerable to supply chain disruptions and price volatility.
However, there is a growing trend toward increasing domestic pesticide
production to reduce dependency on foreign imports and strengthen national
agricultural security. Vietnamese pesticide manufacturers are investing in
local production facilities, focusing on formulating high-quality products
tailored to the country’s agricultural needs. Government policies aimed at
supporting domestic industries, such as tax incentives and subsidies for local
manufacturers, are further driving this trend. Additionally, collaborations
between Vietnamese agrochemical firms and international companies are leading
to the development of innovative pesticide formulations that meet local
regulatory standards while ensuring cost-effectiveness.
This shift toward local production also aligns with
Vietnam’s broader economic strategy of promoting self-sufficiency in key
agricultural inputs. However, challenges such as limited access to raw
materials, stringent regulatory requirements, and competition from
well-established multinational pesticide companies must be addressed to ensure
sustainable growth in domestic pesticide manufacturing.
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The Vietnam Pesticides Market is segmented into Type, Crop
Type, regional distribution, and company.
Based on its Crop Type, Fruits & vegetables
represent the second-largest segment in the Vietnam pesticides market, driven
by the country's expanding horticulture industry and increasing export demand.
Vietnam is a major producer of high-value fruits such as dragon fruit, mango,
lychee, and citrus, as well as vegetables like tomatoes, peppers, and leafy
greens. These crops are highly susceptible to pests, fungal infections, and
bacterial diseases, necessitating the extensive use of insecticides,
fungicides, and bio-control agents. The high perishability of fruits and
vegetables requires effective pest management to maintain quality and extend
shelf life, particularly for export markets such as China, the United States,
and Europe. Strict international residue regulations further push Vietnamese
farmers to adopt advanced pesticide formulations that ensure compliance while
protecting yields. Additionally, greenhouse and hydroponic farming methods,
which are gaining traction in Vietnam, demand precise pesticide applications to
prevent contamination and optimize growth conditions.
Government initiatives promoting fruit and vegetable
production, along with shifting consumer preferences toward diversified diets,
have further fueled pesticide demand in this segment. While there is a growing
emphasis on organic farming and biological pest control solutions, chemical
pesticides remain a key component in managing crop health. The increasing
adoption of specialty pesticides, coupled with Vietnam’s rising fruit and
vegetable exports, solidifies this segment’s position as the second-dominating
crop type in the Vietnam pesticides market.
Based on region, Southern Vietnam holds the
second-largest share in the Vietnam pesticides market, following the Central
region. This dominance is primarily attributed to the region’s vast
agricultural landscape, particularly the Mekong Delta, which serves as
Vietnam’s primary hub for rice, fruits, and vegetable production. The high
agricultural output, combined with the prevalence of pests and diseases due to
the region’s tropical climate, drives substantial pesticide usage. The Mekong
Delta is particularly significant in fruit and vegetable cultivation, producing
large quantities of mangoes, dragon fruit, durian, and citrus fruits for both
domestic consumption and export. These high-value crops require effective pest
and disease control to meet stringent international quality standards, leading
to increased demand for insecticides, fungicides, and biological pest control
solutions. Additionally, the region’s year-round warm and humid conditions
create an environment conducive to fungal infections and pest infestations,
further necessitating pesticide application.
Southern Vietnam is witnessing growing adoption of
modern farming techniques, including precision agriculture and integrated pest
management (IPM), which are influencing pesticide consumption patterns.
Government support for sustainable agriculture and investments in pesticide
manufacturing facilities in the region also contribute to market growth.
Major companies operating in the Vietnam Pesticides Market
are:
- Pesticides
Joint Stock Company Vietnam (VIPESCO)
- Baconco
Vietnam Co., Ltd.
- Isagro
Vietnam Co., Ltd.
- BASF
Vietnam Co., Ltd.
- UPL
Vietnam Co., Ltd.
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“Growing concerns over pesticide resistance and the
negative effects of broad-spectrum chemicals, farmers are looking for more
specific and efficient solutions to address pest infestations.Specialty
pesticides, including insect growth regulators (IGRs), seed treatment
solutions, and pheromone-based products, are gaining popularity due to their
precision and lower toxicity. These products are particularly beneficial for
high-value crops such as coffee, rice, and fruits, which require tailored pest
management strategies to maintain yield quality. The shift toward greenhouse
and hydroponic farming in Vietnam is also contributing to the demand for
targeted pesticide solutions. These modern farming methods require precise pest
control measures to prevent contamination while maintaining optimal growing
conditions. Multinational agrochemical companies and domestic firms are
investing in research to develop advanced formulations that cater to these
evolving agricultural practices. While the adoption of specialty pesticides is
growing, their higher costs compared to conventional pesticides remain a
challenge for widespread use, particularly among small-scale farmers. However,
as education and awareness about their long-term benefits increase, the demand
for targeted pesticide solutions is expected to rise, driving innovation and
diversification within the Vietnam pesticides market.,” said Mr. Karan Chechi,
Research Director, TechSci Research, a research-based management consulting
firm.
“Vietnam Pesticides Market By Type
(Herbicides, Insecticides, Fungicides, Others), By Crop Type (Oilseeds &
Pulses, Grains & Cereals, Fruits & Vegetables, Others), By Region, By
Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam
Pesticides Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision-makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Vietnam Pesticides Market.
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